The subject of sustainable corporate relocation is a rich tapestry of decisions, each woven with environmental considerations. A recent article from Graebel Companies, Inc. by Benjamin D. Ivory takes a detailed look at this intricate matrix, providing insightful strategies for greener relocation practices. However, a crucial element in this equation merits further attention: housing.
Housing: The Overlooked Giant
Housing, in its various forms, has a profound environmental footprint. From the energy-intensive systems that keep us warm or cool, to the power-hungry appliances that make our lives easier, and even the embedded carbon in our building materials—all these contribute to housing’s environmental impact. It’s time we scrutinized this impact more closely.
A More Comprehensive Benchmark
Existing certifications such as LEED have served us well, providing tangible environmental standards. However, their applicability across diverse accommodation types and geographical contexts can be limited. We need a more inclusive, transparent scoring system that enables individuals to compare the environmental footprint of their accommodation options.
Incentives for Sustainability: A Market-Driven Approach
Presently, the market provides little incentive for accommodation providers to invest in sustainable practices. This could change if corporate clients and relocation agencies began to preferentially choose green accommodations. By visibly rewarding those who take significant steps towards sustainability, a market-driven push for environmentally-friendly practices could be initiated.
Owners and Operators: Breaking Down the Barrier
Operators of accommodation services often find themselves in a bind when trying to convince property owners to invest in energy efficiency. The prevailing sentiment—”Why invest when the bookings are already satisfactory?”—can be a stumbling block. However, trends in the marketplace hint at a potential shift in this mindset.
A comparison can be drawn to the office investment sector. When banks announced less favourable future financing conditions for non-ESG compliant properties, investors and developers found motivation to upgrade properties and obtain environmental certifications. The prospect of non-ESG compliant properties depreciating in value in the mid-term triggered a change in attitude.
Conclusion
Choosing housing in corporate relocation goes beyond a minor detail—it’s a pivotal aspect of our sustainability narrative. A concerted effort from accommodation providers, agents, corporate clients, relocation agencies, and property owners is essential to prioritise sustainable housing. The AltoVita Smart, Safe, Sustainable Summit, scheduled for June 8, is set to address sustainability issues. With Graebel and numerous other market players making significant efforts, we are seeing a shift in the right direction. Through such robust efforts, we can advance confidently towards a more sustainable future, one relocation at a time.
About Skyside:
Skyside International Ltd. provides ultra-modern, secure, and comfortable corporate apartments in Luxembourg’s prime locations. Prioritizing sustainability and exceptional service, we draw on 20 years of experience in VIP and diplomatic accommodations. To learn more, please visit our website at www.skysideint.com or feel free to email us at: pm@skysideint.com
